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Business, 12.03.2020 19:28 TaraC

The Fine Leather Co. has bonds outstanding that mature in nine years, have a 7 percent coupon, and pay interest annually. These bonds have a face value of $1,000 and a current market price of $1,080. What is the company's after-tax cost of debt if their tax rate is 35 percent?

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The Fine Leather Co. has bonds outstanding that mature in nine years, have a 7 percent coupon, and p...
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